Visitors Now:
Total Visits:
Total Stories:
Profile image
By Cafe Hayek (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

A Note on Monopsony and ‘Monopsonistic Competition’

Sunday, November 6, 2016 15:38
% of readers think this story is Fact. Add your two cents.

(Before It's News)

(Don Boudreaux)

Tweet

Warning: wonky.

Pondering my post from earlier today on monopsony and monopoly, I believe that a further distinction is warranted.  It’s a distinction that I did not make in that post (because I didn’t then realize its relevance).  The distinction is between, on one hand, monopsony created by government-imposed restrictions on the purchase or hiring of certain inputs and, on the other hand, monopsony power that allegedly comes not from government-imposed restrictions but instead from “frictions” that cause each monopsonist to face an upward-sloping supply curve of the input.*

(more…)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.